Service Co. International - SCI Stock Forecast, Price & News

3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Service Co. International in the last twelve months. There are currently 3 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" SCI shares.
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3 brokerages have issued twelve-month price targets for Service Co. International's shares. Their SCI share price forecasts range from $72.00 to $81.00. On average, they predict the company's share price to reach $75.67 in the next twelve months. This suggests a possible upside of 5.9% from the stock's current price.
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Service Co. International's stock was trading at $70.99 at the beginning of 2022. Since then, SCI stock has increased by 0.6% and is now trading at $71.45.
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Service Co. International saw a increase in short interest in November. As of November 15th, there was short interest totaling 5,550,000 shares, an increase of 17.8% from the October 31st total of 4,710,000 shares. Based on an average trading volume of 1,100,000 shares, the days-to-cover ratio is presently 5.0 days. Approximately 3.7% of the company's shares are sold short.
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The company is scheduled to release its next quarterly earnings announcement on Monday, February 13th 2023.
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Service Co. International (NYSE:SCI) issued its earnings results on Tuesday, November, 1st. The company reported $0.68 earnings per share for the quarter, topping the consensus estimate of $0.51 by $0.17. The business earned $977.72 million during the quarter, compared to analysts' expectations of $879.87 million. Service Co. International had a trailing twelve-month return on equity of 36.22% and a net margin of 16.48%.

Service Co. International declared a quarterly dividend on Wednesday, November 2nd. Stockholders of record on Thursday, December 15th will be paid a dividend of $0.27 per share on Friday, December 30th. This represents a $1.08 dividend on an annualized basis and a yield of 1.51%. The ex-dividend date of this dividend is Wednesday, December 14th. This is an increase from the stock's previous quarterly dividend of $0.25.
Read our dividend analysis for SCI.

Service Co. International (NYSE:SCI) pays an annual dividend of $1.00 per share and currently has a dividend yield of 1.42%. The company has been increasing its dividend for 12 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 24.04%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, SCI will have a dividend payout ratio of 28.33% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for SCI.

Service Co. International announced that its board has approved a share repurchase plan on Wednesday, November 2nd 2022, which allows the company to repurchase $350,000,000.00 in shares, according to EventVestor. This repurchase authorization allows the company to reacquire up to 3.3% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company's leadership believes its stock is undervalued.

Service Co. International updated its FY 2022 earnings guidance on Tuesday, November, 8th. The company provided earnings per share guidance of $3.60-$3.80 for the period, compared to the consensus earnings per share estimate of $3.45. The company issued revenue guidance of -.

550 employees have rated Service Co. International Chief Executive Officer Thomas L. Ryan on Glassdoor.com. Thomas L. Ryan has an approval rating of 90% among the company's employees.

Based on aggregate information from My MarketBeat watchlists, some companies that other Service Co. International investors own include Johnson & Johnson (JNJ), AT&T (T), Micron Technology (MU), Pfizer (PFE), Carriage Services (CSV), Gilead Sciences (GILD), Intel (INTC), Visa (V), Walmart (WMT) and Alibaba Group (BABA).

Service Co. International trades on the New York Stock Exchange (NYSE) under the ticker symbol "SCI."

Service Co. International's stock is owned by a variety of retail and institutional investors. Top institutional investors include Baillie Gifford & Co. (11.03%), Vanguard Group Inc. (10.40%), BlackRock Inc. (9.14%), State Street Corp (2.87%), Sarasin & Partners LLP (1.61%) and Handelsbanken Fonder AB (1.38%). Insiders that own company stock include Alan R Buckwalter III, Elisabeth G Nash, Ellen Ochoa, Eric D Tanzberger, Eric D Tanzberger, Gregory T Sangalis, Jakki L Haussler, John H Faulk, Marcus A Watts, Steven A Tidwell, Sumner J Waring III, Sumner J Waring III, Tammy R Moore, Thomas L Ryan, Tony Coelho and W Blair Waltrip.
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Shares of SCI stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of SCI stock can currently be purchased for approximately $71.45.

Service Co. International (NYSE:SCI) has a market capitalization of $10.99 billion and generates $4.14 billion in revenue each year. The company earns $802.94 million in net income (profit) each year or $4.16 on an earnings per share basis.

The company employs 24,658 workers across the globe.

Service Co. International's mailing address is 1929 ALLEN PARKWAY, HOUSTON TX, 77019. The official website for the company is www.sci-corp.com. The company can be reached via phone at (713) 522-5141, via email at investorrelations@sci-us.com, or via fax at 713-525-5586.